Key Quantitative Figures
- Number of warrants: 77,02,182 (Seventy-Seven Lakh Two Thousand One Hundred and Eighty-Two)
- Face value of underlying shares: ₹2 each
- Issue price per warrant: Not less than ₹779
- Total potential equity shares upon conversion: 77,02,182 shares
Parties Involved
Allottees/Promoters:
- Dr. Abhinay Bollineni (Promoter)
- Mr. Adwik Bollineni (Promoter)
- Bharas Ventures LLP (Promoter Group)
Regulatory Authorities:
- BSE Limited (BSE)
- National Stock Exchange of India Limited (NSE)
- Securities and Exchange Board of India (SEBI)
Company Representatives:
- Nagajayanthi J. R, Company Secretary & Compliance Officer
Conditions and Compliance Requirements
Exchange Conditions:
- Listing application must be filed within 20 days from date of allotment as per SEBI circular dated June 21, 2023
- Requirement to obtain all statutory approvals from SEBI, RBI, MCA, etc.
- Strict compliance with all applicable guidelines, regulations, and directions
- Payment of applicable fees
- Submission of required documents to exchanges
Specific Advisory from Exchanges:
- Company must strengthen internal controls to monitor trades by proposed allottees
- Obtain undertaking from allottees confirming they will not do intra-day trading or any sale in company scrip till allotment date
- Responsibility solely on issuer company to verify compliance with Regulation 167(6) of SEBI ICDR regulations, 2018
- Non-compliances may impact listing of shares
Additional Notes
- In-principle approval does not constitute final listing approval
- Exchanges reserve right to withdraw approval if information is found incomplete/incorrect/misleading/false
- Company must separately obtain approvals from other departments if required
- Automatic release of excess lock-in period of pre-preferential holding by depositories without requiring NOC from exchange
Document References
- BSE Reference: LOD/PREF/KS/FIP/633/2026-27
- NSE Reference: NSE/LIST/55834